{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{longtable}{l*{7}{c}}
\caption*{Table A11: Full Specification for Table 2, Real Durable Goods Spending vs. Year-Ahead Expectations, Baseline Sample (Columns 1-6), Mortgagor Sample (Column 7), GEE estimation}\\
\toprule\endfirsthead\midrule\endhead\midrule\endfoot\endlastfoot
                                             &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         &\multicolumn{1}{c}{(5)}         &\multicolumn{1}{c}{(6)}         &\multicolumn{1}{c}{(7)}         \\
\midrule
Inflation Expectation                        &       0.038         &     --0.006         &     --0.012         &       0.080         &       0.179\sym{*}  &       0.191\sym{**} &       0.571\sym{***}\\
                                             &     (0.038)         &     (0.045)         &     (0.052)         &     (0.109)         &     (0.095)         &     (0.089)         &     (0.183)         \\
Inflation Uncertainty                        &     --0.009         &       0.068         &       0.087         &     --0.003         &       0.101         &       0.075         &       0.087         \\
                                             &     (0.043)         &     (0.053)         &     (0.055)         &     (0.068)         &     (0.093)         &     (0.091)         &     (0.097)         \\
Household Income (Log)                       &                     &       0.836\sym{***}&       0.802\sym{***}&     --1.344\sym{*}  &     --1.473\sym{*}  &     --1.128         &     --1.516         \\
                                             &                     &     (0.260)         &     (0.237)         &     (0.795)         &     (0.821)         &     (0.839)         &     (1.213)         \\
Monthly Payments (Log)                       &                     &       0.001         &       0.013         &       0.006         &       0.040         &       0.038         &     --0.779\sym{***}\\
                                             &                     &     (0.061)         &     (0.064)         &     (0.179)         &     (0.181)         &     (0.179)         &     (0.203)         \\
Expects Interest Rate Increase                              &                     &       0.233         &       0.223         &       0.116         &       0.129         &       0.135         &       0.394         \\
                                             &                     &     (0.247)         &     (0.229)         &     (0.319)         &     (0.310)         &     (0.299)         &     (0.306)         \\
Expects Interest Rate Decrease                              &                     &     --0.151         &     --0.185         &       0.072         &     --0.024         &       0.080         &     --0.102         \\
                                             &                     &     (0.371)         &     (0.343)         &     (0.404)         &     (0.366)         &     (0.373)         &     (0.485)         \\
Real Wage Expectation                        &                     &       0.007         &       0.003         &       0.020         &       0.025         &       0.033         &       0.100         \\
                                             &                     &     (0.019)         &     (0.017)         &     (0.066)         &     (0.063)         &     (0.066)         &     (0.064)         \\
Wage Uncertainty                             &                     &     --0.065         &     --0.071         &     --0.001         &     --0.028         &     --0.017         &       0.084         \\
                                             &                     &     (0.056)         &     (0.051)         &     (0.099)         &     (0.094)         &     (0.095)         &     (0.058)         \\
No Mortgage Indicator                                &                     &       0.348         &       0.411         &     --0.003         &       0.397         &       0.387         &                     \\
                                             &                     &     (0.327)         &     (0.357)         &     (0.694)         &     (0.692)         &     (0.673)         &                     \\
Age                                          &                     &       0.028         &       0.026         &       0.024         &       0.004         &       0.012         &       0.036\sym{*}  \\
                                             &                     &     (0.019)         &     (0.018)         &     (0.020)         &     (0.020)         &     (0.018)         &     (0.019)         \\
Non-White                                  &                     &       0.592\sym{*}  &       0.578\sym{*}  &       0.564         &       0.279         &       0.315         &       0.277         \\
                                             &                     &     (0.308)         &     (0.311)         &     (0.350)         &     (0.322)         &     (0.349)         &     (0.398)         \\
Female                                     &                     &       0.130         &       0.115         &       0.149         &       0.288         &       0.295         &       0.308         \\
                                             &                     &     (0.276)         &     (0.229)         &     (0.235)         &     (0.212)         &     (0.210)         &     (0.248)         \\
Retired                                    &                     &     --0.144         &     --0.132         &     --0.239         &     --0.125         &     --0.211         &     --0.627\sym{**} \\
                                             &                     &     (0.353)         &     (0.328)         &     (0.269)         &     (0.253)         &     (0.237)         &     (0.306)         \\
Homeowner                                  &                     &       1.455\sym{**} &       1.534\sym{***}&       0.151         &       0.420         &       0.590         &                     \\
                                             &                     &     (0.570)         &     (0.588)         &     (0.722)         &     (0.690)         &     (0.731)         &                     \\
House Price Expectation                      &                     &       0.010         &       0.008         &     --0.008         &     --0.007         &     --0.008         &     --0.017         \\
                                             &                     &     (0.015)         &     (0.015)         &     (0.024)         &     (0.023)         &     (0.022)         &     (0.024)         \\
Expects Unemployment Increase                                  &                     &                     &     --0.481\sym{*}  &     --1.092\sym{***}&     --1.160\sym{***}&     --1.232\sym{***}&     --1.225\sym{**} \\
                                             &                     &                     &     (0.256)         &     (0.384)         &     (0.391)         &     (0.409)         &     (0.586)         \\
Expects Unemployment Decrease                                  &                     &                     &       0.074         &     --0.118         &     --0.070         &     --0.103         &     --0.129         \\
                                             &                     &                     &     (0.277)         &     (0.276)         &     (0.275)         &     (0.284)         &     (0.274)         \\
Mean Inflation Expectation                   &                     &                     &                     &     --0.141         &     --0.211         &     --0.248\sym{*}  &     --0.438\sym{***}\\
                                             &                     &                     &                     &     (0.153)         &     (0.141)         &     (0.132)         &     (0.156)         \\
Mean Inflation Uncertainty                   &                     &                     &                     &       0.145         &       0.063         &       0.068         &       0.176\sym{*}  \\
                                             &                     &                     &                     &     (0.115)         &     (0.105)         &     (0.092)         &     (0.103)         \\
Mean Log Household Income                    &                     &                     &                     &       2.310\sym{***}&       2.589\sym{***}&       2.320\sym{***}&       2.431\sym{*}  \\
                                             &                     &                     &                     &     (0.866)         &     (0.890)         &     (0.896)         &     (1.311)         \\
Mean Log Monthly Payments                    &                     &                     &                     &     --0.012         &     --0.067         &     --0.054         &       1.027\sym{***}\\
                                             &                     &                     &                     &     (0.184)         &     (0.183)         &     (0.178)         &     (0.355)         \\
Mean Expects Interest Rate Increase          &                     &                     &                     &       0.102         &       0.212         &       0.171         &       0.165         \\
                                             &                     &                     &                     &     (0.469)         &     (0.457)         &     (0.432)         &     (0.531)         \\
Mean Expects Interest Rate Decrease          &                     &                     &                     &     --0.326         &     --0.487         &     --0.431         &       0.000         \\
                                             &                     &                     &                     &     (0.594)         &     (0.498)         &     (0.538)         &     (0.637)         \\
Mean Real Wage Expectation                   &                     &                     &                     &       0.001         &       0.004         &     --0.019         &     --0.061         \\
                                             &                     &                     &                     &     (0.075)         &     (0.069)         &     (0.072)         &     (0.083)         \\
Mean Wage Uncertainty                        &                     &                     &                     &     --0.145         &     --0.202         &     --0.193         &     --0.478\sym{***}\\
                                             &                     &                     &                     &     (0.155)         &     (0.142)         &     (0.132)         &     (0.133)         \\
Mean No Mortgage Indicator                   &                     &                     &                     &       0.487         &       0.113         &       0.056         &                     \\
                                             &                     &                     &                     &     (0.662)         &     (0.684)         &     (0.659)         &                     \\
Mean Homeowner                               &                     &                     &                     &       1.503         &       1.383         &       1.115         &                     \\
                                             &                     &                     &                     &     (0.932)         &     (0.924)         &     (0.925)         &                     \\
Mean House Price Expectation                 &                     &                     &                     &       0.010         &       0.031         &       0.045         &       0.117\sym{***}\\
                                             &                     &                     &                     &     (0.032)         &     (0.032)         &     (0.030)         &     (0.040)         \\
Mean Expects Unemployment Increase           &                     &                     &                     &       1.301\sym{**} &       1.164\sym{**} &       1.276\sym{***}&       0.756         \\
                                             &                     &                     &                     &     (0.514)         &     (0.463)         &     (0.416)         &     (0.474)         \\
Mean Expects Unemployment Decrease           &                     &                     &                     &       0.540         &       0.280         &       0.225         &     --0.284         \\
                                             &                     &                     &                     &     (0.456)         &     (0.414)         &     (0.381)         &     (0.487)         \\
No College                                 &                     &                     &                     &                     &     --0.621\sym{*}  &     --0.497         &       0.004         \\
                                             &                     &                     &                     &                     &     (0.362)         &     (0.375)         &     (0.473)         \\
No College $\times$ Inflation Expectation  &                     &                     &                     &                     &     --0.360\sym{***}&     --0.355\sym{***}&     --0.271\sym{**} \\
                                             &                     &                     &                     &                     &     (0.079)         &     (0.087)         &     (0.131)         \\
No College $\times$ Inflation Uncertainty  &                     &                     &                     &                     &       0.048         &       0.043         &       0.016         \\
                                             &                     &                     &                     &                     &     (0.115)         &     (0.120)         &     (0.150)         \\
Mean Log Household Income $\times$ Inflation Expectation&                     &                     &                     &                     &                     &     --0.169\sym{***}&     --0.118         \\
                                             &                     &                     &                     &                     &                     &     (0.038)         &     (0.103)         \\
Mean Log Monthly Payments $\times$ Inflation Expectation&                     &                     &                     &                     &                     &       0.019         &     --0.130         \\
                                             &                     &                     &                     &                     &                     &     (0.013)         &     (0.094)         \\
Mean No Mortgage Indicator $\times$ Inflation Expectation&                     &                     &                     &                     &                     &     --0.052         &                     \\
                                             &                     &                     &                     &                     &                     &     (0.065)         &                     \\
Mean Log Mortgage Balance                    &                     &                     &                     &                     &                     &                     &     --0.249         \\
                                             &                     &                     &                     &                     &                     &                     &     (0.314)         \\
Mean Log Mortgage Balance $\times$ Inflation Expectation&                     &                     &                     &                     &                     &                     &       0.160\sym{***}\\
                                             &                     &                     &                     &                     &                     &                     &     (0.055)         \\
Mortgage Balance (Log)                       &                     &                     &                     &                     &                     &                     &       0.376         \\
                                             &                     &                     &                     &                     &                     &                     &     (0.236)         \\
Constant                                     &       5.752\sym{***}&       2.592\sym{*}  &       2.779\sym{**} &       2.616\sym{*}  &       3.711\sym{***}&       3.268\sym{***}&       3.341\sym{***}\\
                                             &     (0.591)         &     (1.412)         &     (1.360)         &     (1.418)         &     (1.270)         &     (1.193)         &     (1.288)         \\
\midrule
Correlated Random Effects                    &          No         &          No         &          No         &         Yes         &         Yes         &         Yes         &         Yes         \\
Chi$^2$                                      &       29.55         &      214.18         &      253.17         &      788.30         &      967.82         &     2195.88         &     5094.23         \\
P Value                                      &        0.01         &        0.00         &        0.00         &        0.00         &        0.00         &        0.00         &        0.00         \\
Sample Size                                  &        1084         &        1084         &        1084         &        1084         &        1084         &        1084         &         671         \\
\bottomrule \caption*{\normalsize \doublespacing Standard errors in parentheses. \\ \textit{Note:} Each column includes time fixed effects. All means refer to within-subject means. Robust standard errors are clustered at the level of the individual. \sym{*} \(p<0.10\), \sym{**} \(p<0.05\), \sym{***} \(p<0.01\)}
\end{longtable}
}
